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4209 The Strand, Manhattan Beach, CA 90266
$6,300,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
4
baths
2,392
sqft
Built in
1930
This might be the last time you see an oversized beachfront lot offered in beautiful Manhattan Beach at a price this low(less than 50% the price of lots on the south end of The Strand).4209 The Strand offers big development potential, plus two detached structures for immediate rental income. The front 3-bedroom, 2-bathroom house is operating as a licensed vacation rental, while the rear structure is leased long term. Nestled between them is a courtyard with three car parking. But what sets this property apart is the rare combination of Residential High Density zoning and a larger lot size. The lot, measuring 33' x 105 is among the larger single lots on The Strand: most are 5 shorter in depth. These distinctive features open the door to potentially building two generously sized condominiums, a prospect not possible on the majority of Strand properties. Past such developments have been configured either side-by-side or one above the other.Buyer to verify what can be developed.The recent sale of two condominiums on a similar size lot located a couple blocks to the south suggest the potential upside, fetching nearly $16 million combined (4016 The Strand $8.25M; 4018 The Strand $7.6M). Invest for long term appreciation.Or develop and sell one unit to subsidize your ownership of the other. Undergrounding of electric lines in the adjacent neighborhood further buttresses the rising value of this location. Seize this opportunity to blend development potential and reliable rental income on the world famous Strand in Manhattan Beach.
Features & Amenities
Interior
- General:
- Living Room Balcony
- A/C:
- N/K
- Fireplace:
- N/K
Exterior
- Other Structures:
- Two On A Lot
- Pool:
- None
- Parking:
- Uncovered,Driveway,On Site, Parking spaces: 3
Construction
- General:
- 2 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Los Angeles
Lot
- Zoning:
- MNRH, 4137007030
- View:
- Ocean,Panoramic,Pier,Water,Catalina,Coastline,White Water,City Lights
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
Strand Hill Properties, Shawn Dugan
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Manhattan Beach, CA
Housing
- Number of Units
- 14,428
- Median Home Value
- $1,157,701
- Median Rent
- $2,025
33.71% of housing units are renter occupied.
8.17% are vacant.
Commute
- Car
-
44.45%
- Public Transportation
-
0.31%
- Walk to Work
-
1.15%
- Work from Home
-
53.08%
- Other
-
0.84%
The median travel time to work is 16 minutes.
People
- Population
- 34,837
- Median Age
- 42.40
- Median Household Size
- 2.81
Education
- High School
-
5.89%
- Associate’s Degree
-
3.98%
- Bachelor’s Degree
-
41.96%
- Graduate Degree
-
35.00%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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